About this episode

The episode discusses the transformative impact of sports venues on urban development and economic activity.

Sports venues can be powerful urban growth engines. Entrepreneur Larry Botel, co-owner of the Richmond minor-league baseball team, and CBRE’s Pam Strieffler discuss how mixed-use districts anchored by these venues can transform CBD-adjacent areas. They walk through strategies for attracting outside capital, navigating rising construction costs, drawing year-round visitors, and forging public-private partnerships to create districts that propel economic activity. Sports venues can anchor mixed-use developments, driving urban revitalization. Public-private partnerships and tax incentives are essential for stadium projects. Year-round venue activation draws daily traffic, crucial for surrounding businesses and real estate. Office space is vital for mixed-use success, bringing steady economic activity. Nearby universities can fuel market growth and attract outside investment.

People in this episode

Guest: Larry Botel

Topics covered

• sports venue development
• urban growth
• mixed-use districts
• economic activity
• public-private partnerships
• construction costs

Keywords

• sports venues
• urban revitalization
• mixed-use developments
• economic growth
• public-private partnerships
• construction costs
• year-round activation

Mentioned in this episode

Organizations: CBRE

Places: Richmond

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